AREAS OF PRACTICE
Chapter 7 Relief
If you are being crippled by high credit card debt or medical bills, Chapter 7 may be a way for you to discharge those debts. Also called a “liquidation,” “debt wipe-out” or “fresh start,” Chapter 7 cases are typically resolved within 4 months after the filing date. You will receive a Bankruptcy Discharge and your obligation to the discharged debts will be over. Together we determine if this is the best course of action for you.
When a Chapter 7 petition is filed, all creditor collection activity will stop. There is an “automatic stay” that will protect you from the harassing phone calls; and it will temporarily stop a foreclosure or eviction. It will also permanently stop creditors from collecting their debts for those debts that are covered by your discharge.
Most people who file Chapter 7 bankruptcy get to keep all their property because of generous Exemptions. These Exemptions protect your property or specific amounts of equity in your property. The rules and laws that apply are complex, so you will need a Certified Expert to analyze how these laws and rules apply to your property.